The difficulty lies not so much in developing new ideas as in escaping from old ones.
John Maynard Keynes
The real reason we protected the portfolios was not that we are worried about either party winning, it is because we are concerned about the reaction to the election itself.
We are a nation of laws and our elected officials are public servants, not rulers. At least that is the way it is supposed to work. Politicians have often forgotten this over the years, but shockingly, the general public seems to have forgotten as well, or has never been taught.
Today everything has become about politics and the next election, and people are too afraid to speak up for what they believe to be right. It is much easier to have loyalty to a party than it is to have principles. A little self-reflection and honesty…that is what is needed on all sides.
One of my favorite parts of my job is that we are constantly learning. All endeavors, whether it is sports or business, can teach life lessons. One of the great life lessons in investing is to take your opponent seriously. Every time we buy a stock, someone is selling it. Why? Why are they willing…
Why are we here? This has been the central question of humankind since the beginning of time. Every ancient religion and philosophy that survives the test of time has dealt with this question at its center. Historically, this was the central theme of classic liberal arts education. What is the meaning of life? It isn’t…